Catalyst Financial Partners LLC Has $907,000 Stake in McDonald’s Co. (NYSE:MCD)

Catalyst Financial Partners LLC reduced its holdings in McDonald’s Co. (NYSE:MCD) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,060 shares of the fast-food giant’s stock after selling 80 shares during the quarter. Catalyst Financial Partners LLC’s holdings in McDonald’s were worth $907,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $31,000. Blue Bell Private Wealth Management LLC boosted its position in McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after buying an additional 42 shares during the last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s in the 3rd quarter valued at $33,000. Keener Financial Planning LLC bought a new stake in shares of McDonald’s during the fourth quarter worth $39,000. Finally, Bear Mountain Capital Inc. acquired a new position in McDonald’s during the 4th quarter valued at about $43,000. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Barclays lowered their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Evercore ISI restated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a report on Wednesday, March 27th. Robert W. Baird cut their price target on McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. StockNews.com cut shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. decreased their target price on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $317.74.

McDonald’s Stock Performance

Shares of NYSE MCD traded down $0.54 during mid-day trading on Thursday, reaching $267.95. The company had a trading volume of 3,134,225 shares, compared to its average volume of 3,307,425. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The business’s 50-day simple moving average is $277.90 and its 200 day simple moving average is $282.80. The firm has a market cap of $193.19 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. McDonald’s’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.63 earnings per share. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.18 EPS for the current year.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.